Denver Multifamily Investment
For Sale
$1,950,000
2143 N Lafayette St, Denver, CO 80205
13-unit multifamily property in Denver's Whittier neighborhood.
Property Size7,100 SF
Price / SF$274.65
Days on Market191
Property Features for 2143 N Lafayette St
General Information
Standard status
Active
Size
7,100 SF
Site & Location
Neighborhood
City Park West
Building Details
Year Built
1893
Listing Agency:
MMGREA LLC
Listed By:
Jason Koch · License #100017489
(303) 328-5208
Source:
Thecouturegroup
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 5:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MMGREA LLC
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Investment Insights
Based on property information with market context.
The property at 2139-2151 Lafayette Street is a 13-unit multifamily building located in Denver’s Whittier neighborhood. Constructed in 1930, the property is situated on a residential street with walkable access to Uptown’s restaurants, Cheesman Park, and the 17th Avenue corridor. The property offers a value-add opportunity through renovations and unit upgrades upon turnover, as current rents are below market value. The location benefits from a bike score of 99, indicating it is a biker's paradise, a walk score of 93, indicating it is a walker's paradise, and a transit score of 69, indicating good transit options. The property is optimally sized for lean management, benefiting from economies of scale while remaining manageable without on-site staff or complex infrastructure.
Key Highlights
- Prime location in Denver's Whittier neighborhood with walkable access to Uptown's restaurants, Cheesman Park, and the 17th Avenue corridor.
- Significant value‑add opportunity through renovations and unit upgrades to increase rents to market rates.
- Optimally sized 13‑unit building for lean, owner‑friendly management and economies of scale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,804
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,080
$2.2M
Cap Rate 7%
$1,540,057
$1.5M
Cap Rate 9%
$1,197,822
$1.2M
Market Conditions
NOI Build-Up for 7,100 SF
Gross rent
$208.7K $29.40/SF
− Vacancy
−$12.7K −$1.79/SF
EGI
$196.0K $27.61/SF
− OpEx
−$88.2K −$12.42/SF
NOI
$107.8K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,080
Cap Rate 7%
$1,540,057
Cap Rate 9%
$1,197,822
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,804 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,213 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
6,688
Businesses Nearby
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Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 13-unit multifamily property in Denver's Whittier neighborhood.
Where is this apartment building located?
The property is located at 2143 N Lafayette St Denver, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location in Denver's Whittier neighborhood with walkable access to Uptown's restaurants, Cheesman Park, and the 17th Avenue corridor.; Significant value‑add opportunity through renovations and unit upgrades to increase rents to market rates.; Optimally sized 13‑unit building for lean, owner‑friendly management and economies of scale.
